2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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About

Finland-Venezuela Trade: In 2022, Finland exported $1.31M to Venezuela. The main products that Finland exported to Venezuela were Ethylene Polymers ($591k), Enzymes ($275k), and Kaolin Coated Paper ($179k). Over the past 5 years the exports of Finland to Venezuela have decreased at an annualized rate of 26.9%, from $6.27M in 2017 to $1.31M in 2022.

In 2020, Finland exported services to Venezuela worth $3.43M, with Computer and information services ($3.43M) being the largest in terms of value.

Venezuela-Finland Trade: In 2022, Venezuela exported $103k to Finland. The main products that Venezuela exported to Finland were Hard Liquor ($58k), Aluminium Bars ($38k), and Other toys ($2.11k). Over the past 5 years the exports of Venezuela to Finland have increased at an annualized rate of 3.88%,  from $85.5k in 2017 to $103k in 2022.

In 2022, Venezuela did not export any services to Finland.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.31M to Venezuela. The main products exported from Finland to Venezuela were Ethylene Polymers ($591k), Enzymes ($275k), and Kaolin Coated Paper ($179k). During the last 5 years the exports of Finland to Venezuela have decreased at an annualized rate of 26.9%, from $6.27M in 2017 to $1.31M in 2022.

In 2017, Venezuela exported $103k to Finland. The main products exported from Venezuela to Finland were Hard Liquor ($58k), Aluminium Bars ($38k), and Other toys ($2.11k). During the last 5 years the exports of Venezuela to Finland have increased at an annualized rate of 3.88%, from $85.5k in 2022 to $103k in 2017.

Exports from Finland (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Venezuela (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Venezuela
Top Destination
China$703M

This map shows whether countries import more from Finland or Venezuela. Each country is colored based on the difference in imports they receive from Finland and Venezuela or the difference in the growth in imports.

In 2022, countries that imported more from Finland than Venezuela included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Venezuela than Finland included Lebanon ($150M), Montenegro ($75.9M), and Dominican Republic ($76.7M).

Difference in imports from Venezuela (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Venezuela

Flow
Scale

This chart compares trade between Finland and Venezuela by product, considering products traded by both, Finland and Venezuela.

During 2022, Finland had a large net trade with Venezuela in the exports of Plastics and Rubbers ($622k), Chemical Products ($275k), and Paper Goods ($264k).

During 2017, Venezuela had a large net trade with Finland in the exports of Foodstuffs ($58k), Metals ($38k), and Miscellaneous ($2.11k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Venezuela. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Venezuela (Flag) (2022)

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